Executive Board
Claus-Matthias Böge, Hamburg (Speaker of the Executive Board)
Olaf G. Borkers, Hamburg
The remuneration of the members of the Supervisory Board amounted to €312 thousand in the period under review, and is broken down as follows:
| in € thousands | Total 2008 | Previous year |
|---|---|---|
| Manfred Zaß | 83.30 | 35.70 |
| Dr. Michael Gellen | 62.49 | 26.77 |
| Thomas Armbrust | 41.65 | 17.85 |
| Alexander Otto | 41.65 | 17.85 |
| Dr. Jörn Kreke | 41.65 | 17.85 |
| Dr. Bernd Thiemann | 29.75 | 17.85 |
| Incl. 19% value added tax | 312.39 | 133.87 |
In accordance with the Annual General Meeting resolution of 19 June 2008, the remuneration of the Supervisory Board was increased to €188 thousand p.a. (plus value added tax). In addition to the remuneration for 2008, the reported amount includes the increases for 2007. No advances or loans were granted to the members of the Supervisory Board.
The remuneration of the Executive Board amounted to €894 thousand, and is broken down as follows:
| in 1 thousands | Fixed remu- neration |
Variable remuneration |
Other benefits |
Total | Total previous year |
|---|---|---|---|---|---|
| Claus-Matthias Böge | 300 | 250 | 66 | 616 | 544 |
| Olaf G. Borkers | 168 | 100 | 10 | 278 | 243 |
Other benefits include the provision of a car for work or private use as well as contributions to a pension scheme.
No advances or loans were granted to members of the Executive Board. The Company has not entered into any contingencies or commitments in favour of these persons. For further details, please see the supplementary disclosures on remuneration contained in the management report.